China on Track to Have Over 100 GW of PV Capacity Installed in 2018

Posted by Michael Barker on August 29, 2014 | Read comments The UK recently surpassed 5 GW in cumulative solar PV installations, making it just the sixth country to hit this level globally. However, with strong growth forecasted in the worldwide PV industry over the five-year forecast period to 2018, 5 GW of installed capacity will become less meaningful as other countries begin to pass 10 GW, 50 GW, and even 100 GW of cumulative market size. According to the latest NPD Solarbuzz demand forecasts, by the end of 2018 there will be at least nine countries that will have cumulative installed solar PV capacity levels above 5 GW. Under current growth estimates China will surpass 100 GW of installed solar PV capacity, accounting for over 20% of total global solar PV installations. The largest percentage of installed capacity globally will be located in the 50-100 GW cumulative c...